Legacy Housing (LEGH) to Release Quarterly Earnings on Tuesday

Legacy Housing (NASDAQ:LEGH - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Legacy Housing to post earnings of $0.65 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Legacy Housing (NASDAQ:LEGH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. The firm had revenue of $42.50 million during the quarter, compared to the consensus estimate of $46.35 million. During the same period in the previous year, the company posted $0.60 earnings per share. On average, analysts expect Legacy Housing to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Legacy Housing Stock Up 3.9 %

NASDAQ LEGH traded up $0.99 during trading on Tuesday, reaching $26.17. 54,134 shares of the company's stock traded hands, compared to its average volume of 64,598. Legacy Housing has a 12-month low of $18.00 and a 12-month high of $29.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 3.41. The firm has a market cap of $636.45 million, a price-to-earnings ratio of 12.06 and a beta of 1.09. The company's 50 day simple moving average is $26.61 and its two-hundred day simple moving average is $24.88.

Insider Activity at Legacy Housing

In other Legacy Housing news, Chairman Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock in a transaction on Monday, November 4th. The shares were sold at an average price of $25.57, for a total value of $196,889.00. Following the transaction, the chairman now directly owns 552,341 shares of the company's stock, valued at approximately $14,123,359.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 151,027 shares of company stock valued at $4,016,253 over the last 90 days. Insiders own 32.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. B. Riley reissued a "neutral" rating and set a $29.00 price objective (up from $25.00) on shares of Legacy Housing in a report on Monday, August 12th. Wedbush restated an "outperform" rating and set a $29.00 price objective on shares of Legacy Housing in a research note on Friday, August 9th.

About Legacy Housing

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.